HDFC Fixed Maturity Plans - Series XIX - Securities and Exchange ...

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Investor servicesD. COMPUTATION OF NAVThe Net Asset Value (NAV) per Unit of the respective Plan(s) willbe computed by dividing the net assets of the Plan(s) by thenumber of Units outstanding under the Plan(s) on the valuationdate. The Mutual Fund will value its investments according tothe valuation norms, as specified in Schedule VIII of the SEBI(MF) Regulations, or such norms as may be specified by SEBIfrom time to time.NAV of Units under each Plan shall be calculated as shownbelow:NAV (M ) =per UnitMarket or Fair Value of the Plan’s Investments+ Current Assets– Current Liabilities and ProvisionsNo. of Units outstanding under each PlanThe AMC will calculate and disclose the first NAV of the Plan(s)not later than 5 Business Days from the allotment of units ofthe respective Plan(s). Subsequently, the NAV of the Plan(s) willbe calculated and disclosed at the close of every Business Day.Each Plan(s) will be managed as a separate investment Portfolio.Separate NAV will be calculated and announced for each of theOptions (viz. Growth and Dividend) of the respective Plan(s) atthe close of every Business Day. The NAVs will be calculatedupto 4 decimals. Units will be allotted in whole figure.There are no specific SEBI guidelines on valuation of foreignsecurities at present. In the absence of any guidelines, thefollowing policy will be followed:Mutual Fund at the rate of 27.038%* for Individual / HinduUndivided Family (HUF) and 32.445%* to investors other thanIndividuals & HUF.* including applicable surcharge, education cess and secondaryand higher education cessFurther, in case of distribution of income already paid by suchFixed Maturity Plan, the Trustee/AMC reserves the right torecover the differential additional income tax on distribution ofincome so paid from the Unit holders of respective FixedMaturity Plan.^^ For Further details on taxation please refer to theSection on 'Taxation on investing in Mutual Funds' in'Statement of Additional Information ('SAI')'.Investors may contact any of the Investor Service Centres (ISCs)of the AMC for any queries / clarifications at telephone number60006767 (Do not prefix STD code) or 1800 233 6767 (tollfree), Fax number. (022) 22821144, e-mail:cliser@hdfcfund.com. Investors can also post their grievances/feedback/suggestions on our website www.hdfcfund.com underthe section 'Customer Care' appearing under 'Contact Us'. TheHead Office of the AMC will follow up with the respective ISCsto ensure timely redressal and prompt investor services. Mr.John Mathews, Head - Client Services can be contacted atMistry Bhavan, 2nd Floor, 122, Dinsha Vachha Road,Churchgate, Mumbai - 400 020 at telephone number (Direct)(022) 66316301 or telephone number (Board) (022)66316333. His e-mail contact is: jmathews@hdfcfund.com.For any grievances with respect to transactions through NSE,the investors/Unit Holders should approach the investorgrievance cell of the stock exchange.In case of investment in foreign debt securities, on the ValuationDay, the securities shall be valued in line with the valuationnorms specified by SEBI for Indian debt securities. However, incase valuation for a specific debt security is not covered by SEBI(MF) Regulations, then the security will be valued on fair valuebasis.Due to difference in time zones of different markets, closingprice of overseas securities may be available only after theprescribed time limit for declaration of NAV in India. In suchcases, the NAV of the respective Plan(s) for any Business Day(T day) will be available on the next Business Day (T+1 day)and the same shall be posted, on each Business Day, on theFund's website and on the AMFI website - www.amfiindia.comon date of computation of NAV.On the Valuation Day, all assets and liabilities denominated inforeign currency will be valued in Indian Rupees at the exchangerate available on Bloomberg / Reuters / RBI at the close ofbanking hours in India. The Trustee reserves the right to changethe source for determining the exchange rate.The exchange gain / loss resulting from the aforesaid conversionshall be recognized as unrealized exchange gain / loss in thebooks of the Scheme on the day of valuation. Further, theexchange gain / loss resulting from the settlement of assets /liabilities denominated in foreign currency shall be recognizedas realized exchange gain / loss in the books of the scheme onthe settlement of such assets / liabilities.40
IV. FEES AND EXPENSESThis section outlines the expenses that will be charged to theScheme and also about the transaction charges to be borne bythe investors. The information provided under this Section seeksto assist the investor in understanding the expense structure ofthe Scheme and types of different fees / expenses and theirpercentage the investor is likely to incur on purchasing andselling the Units of the Scheme.A. NEW FUND OFFER (NFO) EXPENSESThese expenses are incurred for the purpose of various activitiesrelated to the NFO like marketing and advertising, registrarexpenses, printing and stationary, bank charges etc.The New Fund Offer (NFO) Expenses shall be borne by theAMC / the Trustee Company.B. ANNUAL SCHEME RECURRING EXPENSESThese are the fees and expenses for operating the respectivePlan(s) under the Scheme. These expenses include InvestmentManagement and Advisory Fee charged by the AMC, Registrarand Transfer Agents' fee, marketing and selling costs etc. asgiven in the table below:The AMC has estimated upto 2.25% of the weekly average netassets of the respective Plan(s) under the Scheme will be chargedto the respective Plan(s) as expenses. Please refer to the tablebelow for details. For the actual current expenses being charged,the investor should refer to the website of the Mutual Fund viz.www.hdfcfund.comExpense Head% of net assetsHDFC Fixed MaturityPlans - Series XIXInvestment Management & Advisory Fee 1.25Custodial Fees 0.03Registrar & Transfer Agent Fees 0.30including cost related to providingaccounts statement, dividend /redemption cheques / warrants etc.Marketing & Selling Expenses 0.15including Agents Commissionand statutory advertisementBrokerage & Transaction Cost 0.20pertaining to the distribution of unitsAudit Fees / Fees and expenses 0.15of trusteesCosts related to investor 0.02communicationsCosts of fund transfer fromlocation to location 0.05Listing Fees 0.05Other Expenses (Such other expenses, 0.05which are directly attributable to theScheme (including service tax), subjectto the approval of the TrusteeTotal Estimated Recurring Expenses 2.25The purpose of the above table is to assist the Investor inunderstanding the various costs and expenses that an Investorin the respective Plan(s) will bear directly or indirectly. Theseestimates have been made in good faith as per the informationavailable to the Investment Manager based on past experienceand are subject to change inter-se. The expenses under anyhead may be more or less than as specified in the table above,but the total recurring expenses that can be charged to thePlan(s) under the Scheme will be subject to limits prescribedfrom time to time under the SEBI (MF) Regulations. The figuresin the table above are estimates and are subject to change asper actual expenses incurred subject to maximum limitsprescribed under the SEBI (MF) Regulations.The AMC may charge the Mutual Fund with investment andadvisory fee as prescribed in the SEBI (MF) Regulations fromtime to time. Presently, the SEBI (MF) Regulations permit fees asfollows:i) 1.25% of the weekly average net assets outstanding ineach accounting year for the Scheme concerned as longas the net assets do not exceed M 100 crore, andii) 1% of the excess amount over M 100 crore, where net assetsso calculated exceed M 100 crore.The recurring expenses of the Plan(s) under the Scheme shallbe as per the limits prescribed under the SEBI (MF) Regulations.These are as follows:On the first M 100 crores of theaverage weekly net assets - 2.25%On the next M 300 crores of theaverage weekly net assets - 2.00%On the next M 300 crores of theaverage weekly net assets - 1.75%On the balance of the assets - 1.50%The total expenses of the Scheme including the investmentmanagement and advisory fee shall not exceed the limit statedin Regulation 52(6) of the SEBI (MF) Regulations.Any expenditure in excess of the SEBI regulatory limits, shall beborne by the AMC or by the Trustee or the Sponsor.The AMC reserves the right to calculate investmentmanagement fees or recurring expenses on the basis ofdaily or weekly average net assets depending on theperiodicity of publication of NAV.The current expense ratios will be updated on the Mutual Fundwebsite on www.hdfcfund.com within two working daysmentioning the effective date of the change.C. TRANSACTION CHARGESSEBI with the intent to enable investment by people with smallsaving potential and to increase reach of Mutual Fund productsin urban areas and in smaller towns, wherein the role of thedistributor is vital, has allowed AMCs vide its circular No. Cir/IMD/ DF/13/ 2011 dated August 22, 2011 to deduct transactioncharges for subscription of M 10,000/- and above. The saidtransaction charges will be paid to the distributors of the MutualFund products.In accordance with the said circular, AMC / Mutual Fund willdeduct the transaction charges from the subscription amountand pay to the distributors (who have opted to receive thetransaction charges) as shown in the table below. Thereafter,the balance of the subscription amount shall be invested.41
Page 1 and 2: SCHEME INFORMATION DOCUMENT - 10HDF
Page 3: HIGHLIGHTS / SUMMARY OF THE SCHEMEI
Page 10: “Derivative““Dividend”“En
Page 13 and 14: II. INFORMATION ABOUT THE SCHEMEA.
Page 15 and 16: Maturity US Treasury yields (%)(As
Page 17 and 18: Exposure LimitsThe exposure limits
Page 19 and 20: adhering to the Fund's investment p
Page 21 and 22: III.UNITS AND OFFERThis Section pro
Page 23 and 24: Dividend PolicyScheme. On payment o
Page 25 and 26: RefundWho Can InvestThis is an indi
Page 27 and 28: Where can you submit the filled up
Page 29 and 30: The policy regarding re-issue of re
Page 31 and 32: Redemption / Switch requests will h
Page 33 and 34: Minimum balance to be maintained an
Page 35 and 36: RedemptionPayment of Redemption Pro
Page 37 and 38: should without fail cancel the cheq
Page 39: Associate Transactions(i) by e-mail
Page 43 and 44: VI. PENALTIES, PENDING LITIGATIONOR
Page 45 and 46: LIST OF SELF CERTIFIED SYNDICATE BA
Page 47 and 48: CAMS - OFFICIAL POINTS OF ACCEPTANC
Page 49 and 50: HDFC ASSET MANAGEMENT COMPANY LIMIT
Page 51 and 52: HDFC ASSET MANAGEMENT COMPANY LIMIT

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